Tag

#market-structure

May 12, 2026

The CLARITY Vote: How Thursday Reshapes Crypto, and Why Circle Already Won

Senate Banking Committee votes Thursday May 14 on the first U.S. crypto market structure bill — the first such committee vote in U.S. history. Three scenarios (60/25/15), Polymarket calibration (62% off the 75% high), what the 309-page bill actually says, why the real trade is Circle (CRCL), and the structure to play it.

Feb 4, 2026

Quantitative Autopsy of the 1929 Crash: When 10x Leverage Met 4-Hour Latency

Rebuilding the 1929 crash in spreadsheets reveals a mass liquidation event disturbingly similar to modern flash crashes. From 10% margin's negative convexity to Stock Pool manipulation, 4-hour ticker tape delays, and failed rescue operations — the primitive algorithms of a century ago share the same DNA as today's 0DTE gamma squeezes.